September 10, 2007 · Posted in: Governance, Investigative Reports

Mansion mania

The Estrada Plunder TrialIMELDA Marcos was known for having an “edifice complex,” a reference for her fondness for major building projects like the Cultural Center of the Philippines, the Folk Arts Theater, the Manila Film Center, and the Coconut Palace. In comparison, Joseph Estrada’s construction obsession hit closer to home: he loved lavishly appointed abodes, and he apparently wanted to make sure as many of his family members would have one of their own, and in the poshest addresses in town.

Estrada mansions in Wack Wack Subdivision [PCIJ graphics]

What is interesting is that many of the choice pieces of land later linked to him or his families were bought during the first two years of his presidency, which was also when construction began on some of the grandest homes. On paper the owners of such properties appeared to be companies belonging to friends of Estrada. But it was the then president or one of his wives who would be seen either living in the homes or visiting the properties, sometimes even during construction. By our calculations, the properties in question were worth nearly P2 billion.

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2 Responses to Mansion mania

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joselu

September 10th, 2007 at 2:47 pm

Eraps mansion mania will be perfectly answered by the leaving conditions in muntinlupa!!!!! I just hope that after he is convicted it will also be the end of the special treatment given to him Perhaps w/ all his dirty money he will be able to make improvments on the very bad leaving conditions in muntinlupa. I just hope that it will be a lesson to all also that if you do not want to be inconvienced by the law then don’t challange it.

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jr_lad

September 11th, 2007 at 12:37 pm

lesson to whom joselu? other than erap, who else? tell that to the marcosses.

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